BB&T declares 23-cent first-quarter dividend and aligns payment dates for common dividends

Tue Jan 22, 2013 2:18pm EST

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Dividend reflects 15% increase compared to fourth quarter
WINSTON-SALEM, N.C.,  Jan. 22, 2013  /PRNewswire/ -- The board of directors of
BB&T Corporation (NYSE: BBT) today declared a quarterly dividend of  $0.23  per
common share payable  March 1, 2013, to shareholders of record at the close of
business on  Feb. 8, 2013.  

This dividend follows the fourth-quarter 2012 dividend of  $0.20  per common
share payable  Feb. 1, 2013, to shareholders of record at the close of business
on  Jan. 4, 2013, which was declared by the board of directors on  Dec. 18,

The dividend is being paid consistent with the capital actions proposed in
BB&T's 2012 capital plan. The Federal Reserve informed BB&T last year that it
would not object to any of BB&T's proposed capital actions for 2012, which
included this dividend.

BB&T's board of directors also acted today to align scheduled common dividend
payment dates to occur in the same quarter the dividends are declared. Going
forward, BB&T expects common dividend declarations, if declared, in January,
April, July and October with payment dates on or about the first of March, June,
September and December.

BB&T has approximately 700 million shares of common stock outstanding at  Dec.
31, 2012. BB&T has paid a cash dividend to shareholders of common stock every
year since 1903.

About BB&T  
As of  Dec. 31, 2012, BB&T is one of the largest financial services holding
companies in the U.S. with  $183.9 billion  in assets and market capitalization
of  $20.4 billion. Based in  Winston-Salem, N.C., the company operates 1,832
financial centers in 12 states and  Washington, D.C., and offers a full range of
consumer and commercial banking, securities brokerage, asset management,
mortgage and insurance products and services. A Fortune 500 company, BB&T is
consistently recognized for outstanding client satisfaction by J.D. Power and
Associates, the U.S. Small Business Administration, Greenwich Associates and
others. More information about BB&T and its full line of products and services
is available at

SOURCE  BB&T Corporation

ANALYSTS, Alan Greer, Executive Vice President, Investor Relations,
+1-336-733-3021,; or MEDIA, Cynthia Williams, Senior Executive
Vice President, Corporate Communications, +1-336-733-1478,

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